BEDU - Bright Scholar provides update on new regulations in China

On July 24, 2021, China's official state media announced the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, issued by the General Office of the CPC Central Committee and the General Office of the State Council. The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services for students from grade 1 through grade 9 in China. Bright Scholar (NYSE:BEDU) says that the Company has minimal exposure to after-school tutoring from grade 1 through grade 9. "We currently do not expect that the abovementioned Opinion will have a material impact on our business." Previously (July 23): TAL Education, New Oriental shares drop 50% amid risk China may impose non-profit status on tutoring firms (update)

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Bright Scholar provides update on new regulations in China